Cerity Partners LLC Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Cerity Partners LLC bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,389 shares of the financial services provider’s stock, valued at approximately $990,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FNF. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Fidelity National Financial by 49.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,414 shares of the financial services provider’s stock worth $1,339,000 after purchasing an additional 9,059 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Fidelity National Financial during the first quarter worth $266,000. Rhumbline Advisers raised its holdings in shares of Fidelity National Financial by 21.2% during the first quarter. Rhumbline Advisers now owns 277,396 shares of the financial services provider’s stock worth $13,548,000 after purchasing an additional 48,434 shares during the period. Yousif Capital Management LLC raised its holdings in shares of Fidelity National Financial by 8.1% during the first quarter. Yousif Capital Management LLC now owns 9,736 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 730 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Fidelity National Financial by 40.9% during the first quarter. LSV Asset Management now owns 204,300 shares of the financial services provider’s stock worth $9,978,000 after purchasing an additional 59,308 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FNF has been the subject of several recent research reports. Barclays upped their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They set a “hold” rating for the company. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Finally, Truist Financial upped their price target on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and an average price target of $54.20.

Fidelity National Financial Stock Performance

Shares of FNF opened at $48.77 on Monday. The firm has a 50-day moving average price of $50.84 and a 200 day moving average price of $47.55. The firm has a market capitalization of $13.32 billion, a PE ratio of 25.53 and a beta of 1.34. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a 52-week low of $32.02 and a 52-week high of $53.96.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $2.80 billion. Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. During the same quarter in the prior year, the company earned $1.06 EPS. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.48 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.94%. Fidelity National Financial’s dividend payout ratio is presently 100.52%.

Insider Activity at Fidelity National Financial

In other news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the transaction, the director now owns 40,317 shares in the company, valued at approximately $2,060,601.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.40% of the stock is currently owned by insiders.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.